Vanderbilt University Raises Position in Equity Residential $EQR

Key Points

• Vanderbilt University increased its position in Equity Residential by 28.2%, owning 26,711 shares valued at $1.8 million at the end of the last quarter.
• Equity Residential's quarterly earnings were in line with estimates, reporting $0.99 EPS and a revenue of $768.83 million, marking a 4.7% year-over-year increase.
• The company announced a quarterly dividend of $0.6925 per share, resulting in a 4.4% annual dividend yield, and scheduled for payment on October 10th.

Vanderbilt University increased its position in Equity Residential (NYSE:EQR - Free Report) by 28.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,711 shares of the real estate investment trust's stock after buying an additional 5,875 shares during the period. Vanderbilt University's holdings in Equity Residential were worth $1,803,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc increased its holdings in shares of Equity Residential by 51.6% in the first quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 157 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in Equity Residential in the first quarter worth about $37,000. Keystone Global Partners LLC purchased a new position in Equity Residential in the first quarter worth about $47,000. Zions Bancorporation National Association UT purchased a new position in shares of Equity Residential during the first quarter valued at approximately $48,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in shares of Equity Residential during the first quarter valued at approximately $56,000. 92.68% of the stock is owned by institutional investors.

Equity Residential Trading Down 1.0%

EQR stock opened at $63.43 on Friday. The company's 50-day simple moving average is $64.76 and its 200-day simple moving average is $67.21. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.32. The firm has a market cap of $24.22 billion, a P/E ratio of 23.94, a PEG ratio of 3.29 and a beta of 0.90.

Equity Residential (NYSE:EQR - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The business had revenue of $768.83 million for the quarter, compared to analyst estimates of $770.60 million. During the same period in the prior year, the company posted $0.97 EPS. The company's revenue for the quarter was up 4.7% on a year-over-year basis. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. As a group, equities analysts forecast that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, September 25th will be paid a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, September 25th. Equity Residential's dividend payout ratio is presently 104.53%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EQR. Scotiabank lowered their price target on Equity Residential from $78.00 to $77.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th. BNP Paribas downgraded Equity Residential from an "outperform" rating to a "hold" rating in a research report on Monday. Stifel Nicolaus set a $80.50 price target on Equity Residential and gave the stock a "buy" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. dropped their price objective on shares of Equity Residential from $76.00 to $75.00 in a report on Tuesday, September 16th. Finally, Truist Financial dropped their price objective on shares of Equity Residential from $78.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $74.32.

About Equity Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.

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